AMERICAN FARM BUREAU FEDERATION

EIN: 360725160

WASHINGTON, DC

Total Revenue
$36,693,260
Total Expenses
$33,321,639
Total Assets
$125,601,852
Net Assets
$107,716,151
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
IL
Principal Officer
JOBY YOUNG
Phone
2024063600
Tax Period
2023-12-01 to 2024-11-30

AMERICAN FARM BUREAU FEDERATION, founded in 1920, is a mid-sized nonprofit that reported $36.7M in total revenue in fiscal year 2023. Expenses of $33.3M left a modest 9% surplus.

Mission

CERTAIN EMPLOYEES RECEIVE TAX GROSS-UP PAYMENTS ON BONUS AND DEFERRED COMPENSATION PAYMENTS. THESE AMOUNTS ARE INCLUDED IN TAXABLE WAGES WHEN RECEIVED. THE SPOUSE OF THE PRESIDENT TRAVELS TO AFBF MEETINGS WHEN THERE ARE SCHEDULED BUSINESS ACTIVITIES. SPOUSAL TRAVEL IS INCLUDED AS TAXABLE WAGES WHEN PAID.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $106,500
Program Service Revenue $33,415,505
Investment Income $2,240,518
Other Revenue $930,737
TOTAL REVENUE $36,693,260

Expense Breakdown

Grants Paid $348,583
Salaries & Benefits $17,831,902
Fundraising Expenses $0
Other Expenses $15,141,154
TOTAL EXPENSES $33,321,639

Year-over-Year Comparison

2023 2022 Change
Revenue $36,693,260 $37,324,023 0.0%
Expenses $33,321,639 $32,065,723 +0.0%
Net Income $3,371,621 $5,258,300 -0.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
32
Independent Members
31
Employees
156
Volunteers
200

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$2,063,183
Total Directors
42
$968,990
Key Employees
1
$323,310
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VINCENT DUVALL PRESIDENT 40.00
Officer Director
$645,759 $39,906 $685,665
SCOTT VANDERWAL VICE PRESIDENT 2.00
Officer Director
$50,875 $0 $50,875
ALLEN CARTER JR DIRECTOR 2.00
Director
$3,000 $0 $3,000
BRYAN SEARLE DIRECTOR 2.00
Director
$6,750 $0 $6,750
CARLYLE CURRIER DIRECTOR 2.00
Director
$300 $0 $300
DAN GLESSING DIRECTOR 2.00
Director
$6,150 $0 $6,150
DAVID FISHER DIRECTOR 2.00
Director
$5,850 $0 $5,850
ERIC MAYBERRY DIRECTOR 2.00
Director
$16,050 $0 $16,050
HARRY OTT DIRECTOR 2.00
Director
$11,400 $0 $11,400
ISABELLA CHISM DIRECTOR 2.00
Director
$16,350 $0 $16,350
JEB SMITH DIRECTOR 2.00
Director
$13,200 $0 $13,200
JIM HARPER DIRECTOR (THRU 6/30/2024) 2.00
Director
$900 $0 $900
KEVIN LUSSIER DIRECTOR 2.00
Director
$800 $0 $800
MARK HANEY DIRECTOR (THRU 12/02/2023) 2.00
Director
$13,650 $0 $13,650
MARK MCHARGUE DIRECTOR 2.00
Director
$11,850 $0 $11,850
MATT FIMON DIRECTOR (THRU 01/23/2024) 2.00
Director
$12,500 $0 $12,500
MIKE MCCORMICK DIRECTOR 2.00
Director
$8,100 $0 $8,100
PAUL LARSON DIRECTOR 2.00
Director
$2,400 $0 $2,400
RODD MOESEL DIRECTOR 2.00
Director
$16,950 $0 $16,950
RUSSELL BOENING DIRECTOR 2.00
Director
$10,800 $0 $10,800
SCOTT MUGRAGE DIRECTOR 2.00
Director
$5,700 $0 $5,700
SHAWN HARDING DIRECTOR 2.00
Director
$43,950 $0 $43,950
TOM MCCALL DIRECTOR 2.00
Director
$8,700 $0 $8,700
WAYNE PRYOR DIRECTOR 2.00
Director
$12,900 $0 $12,900
WAYNE STAFFORD DIRECTOR (THRU 12/08/2023) 2.00
Director
$4,200 $0 $4,200
ANGELA BAILEY DIRECTOR 2.00
Director
$0 $0 $0
CARL BEDNARSKI DIRECTOR 2.00
Director
$0 $0 $0
BRIAN DUNCAN DIRECTOR 2.00
Director
$0 $0 $0
RICHARD FONTENOT DIRECTOR 2.00
Director
$0 $0 $0
RICHARD GUEBERT JR DIRECTOR (THRU 12/06/2023) 2.00
Director
$0 $0 $0
GARRETT HAWKINS DIRECTOR 2.00
Director
$0 $0 $0
RICH HILLMAN DIRECTOR (THRU 12/01/2023) 2.00
Director
$0 $0 $0
CHRIS HOFFMAN DIRECTOR 2.00
Director
$0 $0 $0
JAMIE JOHANSSON DIRECTOR (THRU 12/05/2023) 2.00
Director
$0 $0 $0
BRENT JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
KEVIN KRENTZ DIRECTOR (THRU 12/04/2023) 2.00
Director
$0 $0 $0
RANDY KRON DIRECTOR 2.00
Director
$0 $0 $0
EDDIE MELTON DIRECTOR 2.00
Director
$0 $0 $0
JOE NEWLAND DIRECTOR 2.00
Director
$0 $0 $0
JIMMY PARNELL DIRECTOR 2.00
Director
$0 $0 $0
STEFANIE SMALLHOUSE DIRECTOR (THRU 11/21/2024) 2.00
Director
$0 $0 $0
DAN WRIGHT DIRECTOR 2.00
Director
$0 $0 $0
ELLEN STEEN GREER GENERAL COUNSEL & SECRETARY 40.00
Officer
$376,767 $81,096 $457,863
KATHLEEN J CULLINS CFO & TREASURER 40.00
Officer
$367,655 $49,660 $417,315
JOBY YOUNG EXECUTIVE VP 40.00
Officer
$429,432 $22,033 $451,465
SAMUEL KIEFFER VP, PUBLIC POLICY 40.00
Key Emp
$262,213 $61,097 $323,310
MARGARET WOLFF VP, LEAD, EDUC AND ENGAGE 40.00
Highest
$277,762 $137,795 $415,557
TERRI MOORE VP, COMMUNICATIONS 40.00
Highest
$293,490 $28,110 $321,600
BRIAN ANDERSON ED, TECHNOLOGY 40.00
Highest
$244,505 $43,350 $287,855
TRAVIS CUSHMAN DPTY GEN COUNS, LIT & PUBL 40.00
Highest
$251,697 $35,757 $287,454
MELISSA SANDERS CARROLL EXECUTIVE DIRECTOR, IDEAG 40.00
Highest
$234,878 $24,140 $259,018
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $36,693,260 $33,321,639 $125,601,852 $3,371,621
2023 $37,324,023 $32,065,723 $108,380,691 $5,258,300
2022 $35,509,348 $31,737,618 $87,420,763 $3,771,730
2021 $33,384,645 $27,116,498 $90,939,255 $6,268,147
2020 $35,645,862 $28,750,206 $81,210,093 $6,895,656
2019 $37,584,582 $32,544,856 $72,072,459 $5,039,726
2018 $33,120,359 $30,436,519 $66,066,059 $2,683,840
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